Active Listing  ·  22 days on market

2721 Little Elm Trl

Cedar Park, TX 78613
$400,000
3 Bed 3 Bath 2,168 sqft $185/sqft Built 1993 0.19 acres 2-Car Garage Pool Cypress Mill 01 Sec 02

*Free 1 point rate buy down - low 6% interest rate - details attached to MLS* Positioned in the sought-after Cypress Mill neighborhood within the acclaimed Leander ISD attendance zone, this residence combines classic curb appeal with versatile modern living. Anchored on a prime corner lot, the exterior features a striking brick accent facade, a brand-new roof installed within the last couple months, a two-car garage, and mature shade trees. Step inside to an airy, light-filled layout with soaring vaulted ceilings with skylights, fresh interior paint downstairs, and handsome wood-look tile flooring spanning the main living spaces. The heart of the home centers around a crisp white kitchen boasting a gas range, center island with additional workspace, dark stone-look countertops, and an adjoining dining area. Beyond the kitchen, a cozy secondary gathering area features a painted white brick fireplace and views through sliding glass doors to an expansive covered patio complete with dual ceiling fans, a storage shed, and a fully fenced, lush green backyard. Upstairs, the expansive primary suite serves as a private retreat with vaulted ceilings, upgraded vinyl plank flooring, double walk-in closets, and an ensuite bath featuring dual vanities, modern hexagon tile flooring, a soaking tub, and an upgraded separate shower with sleek tile surround. Secondary bedrooms offer brand-new carpet and easy access to an updated full bath. Residents of this established neighborhood enjoy no HOA fees along with access to exceptional community amenities including a swimming pool, splash pad, sports courts, and miles of surrounding parks and walking trails. Conveniently close to major tech corridors, regional shopping hubs, and local dining, this home offers the ideal mix of suburban comfort and urban accessibility.

For more info, go to: https://wkf.ms/4h7Ltiw

At $185/sqft, this home is 18% below the Cedar Park active market average of $225/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2721 Little Elm Trl, Cedar Park, TX 78613

Property Details

Price $400,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,168 sqft
Lot Size 0.19 acres (8,394.01 sqft)
Year Built 1993
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cypress Mill 01 Sec 02
County Williamson
Zip Code 78613
$/sqft $185/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246736196
List Date September 16, 2026
Elementary School Pauline Naumann
Middle School Cedar Park
High School Cedar Park
School District ,

Luke Allen (TREC #788149) has deep knowledge of Cedar Park and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Similar Homes on the Market in Cedar Park

Comparable Listings Right Now

Homes currently for sale in Cedar Park with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
2214 S Lakeline Blvd #417
Arbors/Lakeline Bldg 19
$389,000 $203 3 bd / 3 ba 1,914 sqft , 2026-09-04
2800 Little Elm Trl
Cypress Mill 01 Sec 01
$420,000 $249 3 bd / 3 ba 1,690 sqft , 2026-09-24
11624 Quarter Horse Trl
Village 18 At Anderson Mill Ph 02
$375,000 $180 4 bd / 2 ba 2,078 sqft , 2026-09-12
1900 NW Old Mill Rd
Anderson Mill West Sec 06
$430,000 $245 3 bd / 2 ba 1,752 sqft , 2026-09-08
2000 Dayflower Trce
Anderson Mill West Sec 14
$435,000 $203 4 bd / 2 ba 2,140 sqft , 2026-07-24

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$1,920/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$80,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$1,920
Principal + Interest−$2,183
Property Tax (~2.1% TX avg)−$700
Insurance (~0.5%)−$167
Est. Monthly Cash Flow $-1,130

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Cedar Park, TX

Cedar Park sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Apple Campus (Domain) 20 min SE
Dell Technologies HQ 15 min E
Samsung Austin Semiconductor 25 min SE
Tesla Gigafactory 40 min SE

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on October 7, 2026.

📞 (254) 718-2567 [email protected] More about Luke →